Additional Book and liquidation value The balance sheet for Gallinas Industries is as follows, information with respect to the firm is available: 1. Preferred stock can be liquidated at book value. 2. Accounts receivable and inventories can be liquidated at 92% of book value. 3. The firm has 10,000 shares of common stock outstanding. 4. All interest and dividends are currently paid up. 5. Land and buildings can be liquidated at 115% of book value. 6. Machinery and equipment can be liquidated at 74% of book value. 7. Cash and marketable securities can be liquidated at book value. Given this information, answer the following: a. What is Gallinas Industries' book value per share? a. Gallinas Industries' book value per share is $ (Round to the nearest cent.) t-web Data table Gallinas Industries Balance Sheet December 31 Liabilities and Stockholders' Equity Assets $ 109,980 Accounts payable Notes payable Accrued wages Total current liabilities 76,140 76,140 $ 262,260 Cash $ 50,000 Marketable securities 109,980 Accounts receivable 143,820 Inventories 135,360 Total current assets $ 439,160 Land and buildings (net) $ 152,565 Machinery and equipment 254,275 Total fixed assets (net) $ 406,840 $ 177,660 $ 101,520 Long-term debt Preferred stock Common stock (10,000 shares) 177,660 126,900 Retained earnings Total liabilities and stockholders' equity $ 846,000 $ 846,000 Total assets